Carter Bankshares, Inc. CARE Tax-free BOLI death benefit
Tax-free BOLI death benefit at other companies
Other financials
Where this comes from
Reported directly by Carter Bankshares, Inc. in its filing.
Tagged under the XBRL concept care:GainLossOnBankOwnedLifeInsuranceDeathBenefit.
The official record: Carter Bankshares, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Carter Bankshares, Inc.'s tax-free BOLI death benefit?
- Carter Bankshares, Inc. (CARE) reported tax-free BOLI death benefit of $0 in Q1 2026.
- How has Carter Bankshares, Inc.'s tax-free BOLI death benefit changed year-over-year?
- Carter Bankshares, Inc.'s tax-free BOLI death benefit decreased by 100.0% year-over-year, from $1.88M to $0.
- What does tax-free BOLI death benefit mean?
- Captures the proceeds received from BOLI policies upon the death of insured individuals, specifically the portion exceeding the policy's cash surrender value. This is a non-recurring, event-driven gain that impacts net income. It provides context on the bank's insurance-based risk management and supplemental income sources.